Last modified by Peytience S on 2023/10/31 21:07
From version 2.1
edited by christie w
on 2023/02/10 20:56
Change comment: There is no comment for this version
To version 4.1
edited by Peytience S
on 2023/10/31 21:07
Change comment: There is no comment for this version

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1 -XWiki.christiew
1 +XWiki.peytiences
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1 1  **Prior to setting up Direct Deposit you will need the following information:**
2 2  
3 -*
4 -** You will need to find out from your bank if they will accept the **ACH file**, in **NACHA format**, for processing your Direct Deposit payroll.
5 -\\Some banks do not accept the file as they have their own procedure for submitting Direct Depost payroll.
3 +* You will need to find out from your bank if they will accept the **ACH file**, in **NACHA format**, for processing your Direct Deposit payroll.
4 +** Some banks do not accept the file as they have their own procedure for submitting Direct Depost payroll.
6 6  
7 -*
8 -** Does the bank want the file to contain the **Balancing Entry,** more commonly referred to as the Debit Entry. This is not common as most banks will want the entry included in the file.
6 +* Does the bank want the file to contain the **Balancing Entry,** more commonly referred to as the Debit Entry. This is not common as most banks will want the entry included in the file.
7 +* If your bank will accept the file, you will need to find out **how to submit the file to the bank**, for example upload the file on a secure website, and how many days in advance of the pay date they would need the file submitted for processing on the pay date.
8 +* From your employees, you will need something that has their bank **Routing** and **Account Numbers** on it such as a cancelled check or deposit slip.
9 +* You will need your **Company's Bank Routing** and **Account Number**.
9 9  
10 -*
11 -** If your bank will accept the file, you will need to find out **how to submit the file to the bank**, for example upload the file on a secure website, and how many days in advance of the pay date they would need the file submitted for processing on the pay date.
11 +There is **no fee** for using the Direct Deposit feature of your payroll program. However, your bank may charge a fee to process the file for you.
12 12  
13 -*
14 -** From your employees, you will need something that has their bank **Routing** and **Account Numbers** on it such as a cancelled check or deposit slip.
13 +----
15 15  
16 -*
17 -** You will need your **Company's Bank Routing** and **Account Number**.
15 +== Related Pages: ==
18 18  
17 +=== [[Switching an Employee Back to Receive a Printed Check>>doc:Mac.Direct Deposit ».Switching an Employee Back to Receive a Printed Check .WebHome]] ===
19 19  
20 -There is **no fee** for using the Direct Deposit feature of your payroll program. However, your bank may charge a fee to process the file for you.
19 +Learn how to switch an employee from direct deposit back to receiving checks instead.
20 +
21 +
22 +=== [[Adding New Employees for Direct Deposit>>doc:Mac.Direct Deposit ».Adding New Employees for Direct Deposit .WebHome]] ===
23 +
24 +Learn how to add new employees for direct deposits.
25 +
26 +
27 +=== [[Locating the ACH File for Direct Deposit to Submit to Bank>>doc:Mac.Direct Deposit ».Locating the ACH File for Direct Deposit to Submit to Bank .WebHome]] ===
28 +
29 +Read on where you can find the ACH File for direct deposit that is needed for submission to the bank.
30 +
31 +
32 +=== [[Direct Deposit into Multiple Accounts>>doc:Mac.Direct Deposit ».Direct Deposit into Multiple Accounts .WebHome]] ===
33 +
34 +FAQ: Can employees have the check deposited into multiple accounts such as savings and checking?
35 +
36 +
37 +=== [[Printing Check Stub for Direct Deposit Employees>>doc:Mac.Direct Deposit ».Printing Check Stub for Direct Deposit Employees .WebHome]] ===
38 +
39 +Learn how to print a check stub for employees who opt to have direct deposits.